Potential State‐level Carbon Revenue Under the Clean Power Plan

The use of revenues from carbon pricing

“…As of 2017 some changes were made to the earmarking of carbon tax revenues. In France, a portion of these revenues (EUR 1.7 billion) is earmarked to a special "Energy Transition" account (compte d'affectation spéciale (CAS) « Transition énergétique ») to compensate electricity providers for using renewable energies to generate electricity in France ( (Ministère de la Transition écologique et solidaire, 2017[52]); (French Senate, 2018[53])), and all remaining revenues are used for tax base shifting purposes. Starting in 2018, the government of British Columbia plans to adjust its use of carbon tax revenues as rates increase annually through 2022.…”